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*** thus the "sum" of the transaction is "zero" | *** thus the "sum" of the transaction is "zero" | ||
== Logical and observational fallacies == | == Logical and observational fallacies & paradoxes == | ||
* see Economics section for more fallacies and paradoxes | * see Economics section for more fallacies and paradoxes | ||
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=== regression to the mean === | === regression to the mean === | ||
* the idea that change can't happen forever | |||
** therefore exceptional events, positive or negative, will likely subside | |||
** and what was before, or similar to it, will prevail | |||
* in social sciences, we see this in terms of cycles | |||
** economic, political, social | |||
=== Sutton's law === | === Sutton's law === | ||
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** similar to Sutton's law that the most obvious answer is likely correct | ** similar to Sutton's law that the most obvious answer is likely correct | ||
** used by medical schools to teach focus on the most obvious patient conditions/ illness causes | ** used by medical schools to teach focus on the most obvious patient conditions/ illness causes | ||
=== Kafka Trap === | === Kafka Trap === |